KUALA LUMPUR (Nikkei Markets) -- Cheaper product prices and weaker demand dragged Malaysia's Petronas Chemicals Group's quarterly net profit down again, sending the company's shares sharply lower in Kuala Lumpur trading on Wednesday.
Shares of Petronas Chemicals fell as much as 6% after the company said its net profit for the third quarter more-than-halved from a year earlier. Still, analysts said earnings will likely rebound in the coming quarter as plant activity returns to normal levels in absence of major shutdowns.
